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Does money matter in the euro area?

Darvas, Zsolt (2015) Does money matter in the euro area? ECONOMICS LETTERS, 133. pp. 123-126. ISSN 0165-1765

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Abstract

Abstract We create a euro-area Divisia-money dataset and estimate theoretically correct responses to money, user cost and interest rate shocks using structural vector-autoregressions. Our findings suggest that money matters for output, prices and interest rates, while the European Central Bank can influence monetary developments.

Item Type: Article
Uncontrolled Keywords: Structural VAR; monetary policy; Monetary aggregation; Divisia
Subjects: H Social Sciences / társadalomtudományok > HG Finance / pénzügy
H Social Sciences / társadalomtudományok > HG Finance / pénzügy > HG5 Monetary system / pénzrendszer
SWORD Depositor: MTMT SWORD
Depositing User: MTMT SWORD
Date Deposited: 08 Jun 2016 08:58
Last Modified: 08 Jun 2016 08:58
URI: http://real.mtak.hu/id/eprint/36020

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